Telefônica Brasil (NYSE:VIV) Cut to “Buy” at StockNews.com

Telefônica Brasil (NYSE:VIV) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

VIV has been the topic of a number of other reports. Barclays boosted their price objective on Telefônica Brasil from $11.00 to $11.50 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Morgan Stanley raised Telefônica Brasil from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Telefônica Brasil Stock Up 0.4 %

Telefônica Brasil stock opened at $9.25 on Friday. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.92 and a beta of 0.79. Telefônica Brasil has a 52-week low of $8.02 and a 52-week high of $11.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.03. The firm has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $9.36.

Telefônica Brasil (NYSE:VIV) last posted its quarterly earnings data on Monday, July 29th. The Wireless communications provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Telefônica Brasil had a net margin of 9.65% and a return on equity of 7.53%. During the same period in the prior year, the company posted $0.14 earnings per share. Equities analysts predict that Telefônica Brasil will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Telefônica Brasil

Several hedge funds and other institutional investors have recently modified their holdings of VIV. O Shaughnessy Asset Management LLC increased its stake in Telefônica Brasil by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 399,318 shares of the Wireless communications provider’s stock valued at $4,021,000 after purchasing an additional 67,414 shares in the last quarter. Brandes Investment Partners LP lifted its position in Telefônica Brasil by 38.5% in the 4th quarter. Brandes Investment Partners LP now owns 1,917,010 shares of the Wireless communications provider’s stock valued at $20,972,000 after acquiring an additional 532,794 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Telefônica Brasil by 82.7% in the 4th quarter. Pinebridge Investments L.P. now owns 1,601,608 shares of the Wireless communications provider’s stock valued at $17,517,000 after acquiring an additional 725,072 shares in the last quarter. Banco BTG Pactual S.A. bought a new stake in Telefônica Brasil during the 4th quarter worth approximately $6,208,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Telefônica Brasil in the first quarter worth approximately $650,000. Institutional investors own 5.16% of the company’s stock.

Telefônica Brasil Company Profile

Telefônica Brasil SA, together with its subsidiaries, operates as a mobile telecommunications company in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband internet access through 3G, 4G, 4.5G, and 5G, as well as mobile value-added and wireless roaming services.